Right to Credit Suspense Account Sample Clauses

Right to Credit Suspense Account. The Mortgagee may place and keep any moneys received or recovered by virtue of or pursuant to this Deed (whether before or after the insolvency or liquidation of the Borrower, the Mortgagor or any other Loan Party) or otherwise in respect of the Secured Assets (or any part thereof) to the credit of a suspense account for so long as the Mortgagee may think fit in order to preserve the rights of any or all of the Loan Parties to xxx or prove for the whole amount of its claims against the Mortgagor, any other Loan Party or any other Person.
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Right to Credit Suspense Account. The Chargee may place and keep any moneys received or recovered by virtue of or pursuant to this Deed (whether before or after the insolvency or liquidation of the Chargor or any other Loan Party) or otherwise in respect of the Security Assets (or any part thereof) to the credit of a suspense account for so long as the Chargee may think fit in order to preserve the rights of any or all of the Chargor Parties to xxx or prove for the whole amount of its claims against the Chargor, any other Loan Party or any other Person.
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Right to Credit Suspense Account. The Offshore Security Agent may place and keep any monies received by virtue of this Deed (whether before or after the death, bankruptcy, insolvency or liquidation of any Mortgagor or the Borrower or the Company) to the credit of a suspense account for so long as the Offshore Security Agent may think fit in order to preserve the rights of any Finance Party to xxx or prove for the whole amount of its claims against any Mortgagor or the Borrower or the Company or any other person.
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Right to Credit Suspense Account. The Lender may place and keep any monies received by virtue of this Deed (whether before or after the insolvency or liquidation of the Chargor or the Borrower) to the credit of a suspense account for so long as the Lender may think fit in order to preserve the rights of the Lender to xxx or prove for the whole amount of its claims against the Chargor, the Company, the Borrower or any other person.
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Related to Right to Credit Suspense Account

  • Suspense account The Security Trustee and any Creditor Party may, for the purpose of claiming or proving in a bankruptcy of a Borrower or any other Security Party, place any sum received or recovered under or by virtue of this Guarantee or any Security Interest connected with it on a separate suspense or other nominal account without applying it in satisfaction of the Borrowers’ obligations under the Loan Agreement or the Master Agreements.

  • Permitted Withdrawals from the Collection Account and Distribution Account (a) The Master Servicer may from time to time make withdrawals from the Collection Account for the following purposes:

  • Permitted Withdrawals From Custodial Account The Servicer shall, from time to time, withdraw funds from the Custodial Account for the following purposes:

  • Expense Account The Corporation shall reimburse Employee for reasonable and customary business expenses incurred in the conduct of the Corporation’s business. Such expenses will include business meals, out-of-town lodging and travel expenses. Employee agrees to timely submit records and receipts of reimbursable items and agrees that the Corporation can adopt reasonable rules and policies regarding such reimbursement. The Corporation agrees to make prompt payment to Employee following receipt and verification of such reports.

  • Suspense Accounts Any money received in connection with this Guarantee (whether before or after any Incapacity of the Borrower or the Guarantor) may be placed to the credit of a suspense account with a view to preserving the rights of the Bank to prove for the whole of its claims against the Borrower or any other person liable or may be applied in or towards satisfaction of such of the Guaranteed Liabilities as the Bank may from time to time conclusively determine in its absolute discretion.

  • Custodial Accounts; Distribution Account (a) On or prior to the Closing Date, the Master Servicer shall have caused each Servicer to establish and maintain one or more Custodial Accounts, as provided in the related Purchase and Servicing Agreement, into which all Scheduled Payments and unscheduled payments with respect to the related Mortgage Loans, net of any deductions or reimbursements permitted under the related Purchase and Servicing Agreement, shall be deposited. On each Distribution Account Deposit Date, the Servicers shall remit to the Securities Administrator for deposit into the Distribution Account, all amounts so required to be deposited into such account in accordance with the terms of the related Purchase and Servicing Agreements.

  • Permitted Withdrawals from the Collection Accounts and Certificate Account (a) Each Servicer may from time to time make withdrawals from the related Collection Account for the following purposes:

  • Permitted Withdrawals from the Collection Account The Servicer may, from time to time, withdraw funds from the Collection Account for the following purposes:

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